RBI says inflation contained
Reserve Bank of India Deputy Governor Rakesh Mohan says inflation has been contained and high investment growth is taking place.
By HT Correspondent | Reuters, Lucknow
UPDATED ON FEB 07, 2008 04:16 PM IST
Reserve Bank of India Deputy Governor Rakesh Mohan said on Thursday inflation has been contained and high investment growth was taking place.
"High investment growth is taking place which is promising for the future. We continue to have a healthy external account and inflation has been contained," Mohan told reporters after a central bank board meeting in Lucknow.
Latest data showed India's wholesale price index rose 3.93 per cent in the 12 months to Jan. 19, higher than the previous week's rise of 3.83 per cent.
Bank of England dismisses talk of inflation threat during post-Covid rebound
Bloomberg
PUBLISHED ON FEB 24, 2021 11:45 PM IST
Answering questions from lawmakers on Wednesday, policy makers said data monitored by the central bank don’t show evidence of inflation overshooting its 2% target.
Govt clears ₹7,350-cr PLI booster for production of laptops, tablets, PCs
PTI
PUBLISHED ON FEB 24, 2021 08:25 PM IST
The PLI push is expected to bolster electronics ecosystem in India, at a time when globally manufacturing is undergoing a shift and companies across the world are looking to diversify their manufacturing base, to mitigate the risk involved in depending on a single location.
'Govt has no business to be in business': PM Modi bats for privatisation
By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
PUBLISHED ON FEB 24, 2021 08:22 PM IST
- Reiterating his government’s stance on privatisation, the Prime Minister said, “We have made it clear in the new public sector enterprise policy that government will have limited role in only four strategic sectors and all other public sector units can be privatised.”
India's corporate bond mkt can double to ₹65-70 lakh cr by March 2025: Crisil
PTI
PUBLISHED ON FEB 24, 2021 07:55 PM IST
The demand for corporate bonds, however, is likely to be ₹60-65 lakh crore by March 2025.
Tesla shares rally in premarket trading on ‘buy the dip’ bounce
Bloomberg
PUBLISHED ON FEB 24, 2021 07:29 PM IST
Other electric-vehicle makers also climbed in premarket trading Wednesday: Nikola Corp. gained 3.3%, while Lordstown Motors Corp. advanced 2.6%.
Elon Musk’s Starlink to be game changer for telecommunications sector
By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON FEB 24, 2021 06:22 PM IST
During the beta testing phase, Starlink offered users a broadband speed between 50mbps and 150mbps with the latency expected between 20ms and 40ms, depending on location.
Centre lifts embargo on grant of govt businesses to private banks
By hindustantimes.com | Edited by Amit Chaturvedi
UPDATED ON FEB 24, 2021 06:07 PM IST
The department of financial services said that the decision will enhance customer experience. It also said that private banks will be equal partners in government's economic and social agenda.
Sensex zooms 1,030 points; Nifty tops 14,950
Posted by Prashasti Singh | PTI, Mumbai
UPDATED ON FEB 24, 2021 06:03 PM IST
After resumption of trade at 3.45 pm, NSE Nifty zoomed 274.20 points or 1.86 per cent to end at 14,982.
GAIL share buyback offer to open on February 25: All you need to know
By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON FEB 24, 2021 05:18 PM IST
According to a statement issued by GAIL, it will buy back shares from all existing shareholders and beneficial owners as on the record date, which is January 28, and this will be done on a proportionate basis.
Sensex rallies over 500 pts; Nifty tops 14,850 after trade resumption
PTI, Mumbai
PUBLISHED ON FEB 24, 2021 05:18 PM IST
- After resumption of trade at 3.45 pm, NSE Nifty was quoting 152.95 points or 1.04 per cent up at 14,860.75.
Biden rushes to address global computer chip shortage via latest executive order
Reuters, Washington
PUBLISHED ON FEB 24, 2021 04:56 PM IST
- The scarcity, exacerbated by the pandemic, will be the subject when Biden meets a bipartisan group of US lawmakers on Wednesday to discuss the issue.
Barbie’s pandemic sales boom followed yearslong revamp at Mattel
Bloomberg
PUBLISHED ON FEB 24, 2021 04:52 PM IST
Years of planning and a bit of luck have turned the baby boomer of toys into a go-to item for millions of kids.
Hyundai Motor to replace battery systems in 82,000 EVs in recall worth $900 mil
Posted by Ayshee Bhaduri | Reuters, Seoul
UPDATED ON FEB 24, 2021 04:37 PM IST
The recall mostly concerns the Kona EV, Hyundai's biggest-selling electric car which was first recalled late last year for a software upgrade after a spate of fires.
NSE, BSE extend trading hours till 5pm today. Here's why
By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
UPDATED ON FEB 24, 2021 05:06 PM IST
- Earlier in the day, NSE had halted trading in its cash and derivative segments at 11.40 am, due to issues with telecom links of its two service providers.
NSE halts trading after telecom disruption
Bloomberg, New York\
PUBLISHED ON FEB 24, 2021 01:55 PM IST
About an hour into trading on Wednesday, local traders flagged that levels for the cash segment on the NSE’s benchmark Nifty 50 Index as well as the Nifty Bank Index stopped updating.
